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CT HB05560

Bill

Official Source

Status

Introduced

1/23/2013

Primary Sponsor

Mae Flexer

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Origin

House of Representatives

2013 General Assembly

AI Summary

  • Amends section 4-30a of the general statutes to increase the maximum amount of surplus that can be transferred into the Budget Reserve Fund from 10 percent to 30 percent of General Fund appropriations
  • Increases the size of Connecticut's "Rainy Day Fund" to allow for greater financial reserves during budget shortfalls
  • Referred to the Committee on Appropriations
  • Introduced by Rep. Flexer (44th District) and Rep. Rojas (9th District) during the January 2013 session

Legislative Description

An Act Concerning The Budget Reserve Fund.

Last Action

Public Hearing 03/22

3/12/2013

Committee Referrals

Appropriations1/23/2013

Full Bill Text

No bill text available